There's a Big Debate on Whether Trump Should Focus on Tax Reform or Obamacare

President Donald Trump is facing two pressing policy changes in the early weeks of his new administration: Tax reform and a replacement of the Affordable Care Act.

"Up until last week, Congressional Republicans said they are going to repeal and replace Obamacare and then do tax reform second," said TheStreet's politics writer Emily Stewart. With Trump's comments last week that a phenomenal tax announcement is coming, Stewart said Trump has given Republicans an opportunity to focus on tax reform first, and then Obamacare.

President Trump's move Thursday to cancel his meeting with North Korea leader Kim Jong Un sent the stock market into a "tizzy," according to TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer.